In last year’s budget, Obama proposed changing the way the government calculates inflation. This would have reduced retirement benefits as well as increased some taxes. The budget as a whole had $1 trillion in spending cuts, which the administration touted as a sign of Obama’s dedication to focus on improving the deficit.
The Senate Democrats, however, say that by making cuts to Social Security, the President is going back on his promise to focus on income inequality. With the issue of entitlement spending being highly charged this election year, the Democrats are doing all they can to paint their party with compassion.
Democrats are asking for the president to focus on helping the middle class and poor, saying that with the middle class collapsing, Social Security, Medicare and Medicaid are more important than ever.
The White House has yet to respond to the letter.
Read more about this at The Hill.
|Kenneth G. Marks has been practicing personal injury law since he was admitted to the California Bar in 1981. www.KmarksLaw.com|